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Headwater Gold Announces Drill Plan to Offset High-Grade Gold Discovery at its 100% Owned Katey Project
(TheNewswire) Vancouver, British Columbia – TheNewswire - Februa...
About this update from Headwater Gold, Inc.
[{"type":"text","content":"Headwater Gold Announces Drill Plan to Offset High-Grade Gold Discovery at its 100% Owned Katey Project\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, British Columbia –\n \n \n TheNewswire -\n \n \n February 21, 2023:\n \n \n Headwater Gold Inc. (CSE:HWG) (OTC:HWAUF) (the\n\"Company\" or \"Headwater\") is\n \n \n pleased to announce it has defined multiple high-priority\ndrill targets to extend high-grade mineralization encountered in\nprevious core drilling by the Company at its 100% owned Katey gold\nproject located in southeast Oregon.\n \n \n \n \n Highlights:\n \n \n \n \n \n \n Headwater has defined multiple high-priority drill\ntargets that focus on extending the high-grade mineralized structure\nencountered in drill hole KT21-01 (see news release dated February 10,\n2022) to the north and south along strike, as well as down\ndip;\n \n \n \n \n \n \n Metallic-screen assays from the previously reported\nhigh-grade intercept in drill hole KT21-01 returned 6.34 grams per\ntonne gold (“g/t Au”) over 14.54 metres, including 30.73 g/t Au\nover 1.95 metres.  Metallic-screen assays show approximately 30%\nhigher grade than original values and indicate the presence of coarse\nfree gold;\n \n \n \n \n \n \n A mixed diamond core and reverse circulation (“RC”)\ndrill program consisting of approximately 3,500 metres is fully\npermitted and scheduled to commence in early summer 2023;\n \n \n \n \n \n \n Deep auger soil sampling has defined an area of highly\nanomalous gold, silver and epithermal pathfinder geochemistry over an\napproximately 1 kilometre zone along the projection of the West Zone\nFault which hosts the high-grade gold intercepted in drill hole\nKT21-01; and\n \n \n \n \n \n \n Channel samples collected at surface across the main\nWest Zone Fault returned 13.26 g/t Au and 45.2 grams per tonne silver\n(“g/t Ag”) over 0.69 m, demonstrating up-dip continuity of the\nmain mineralized structure intercepted in drill hole KT21-01.\n \n \n \n \n \n \n Caleb Stroup, the President and CEO of the Company,\nstates:\n \n \n “Following the\ncompletion of our recent financing, we are very excited to get back\nout to Katey to follow up on the high-grade discovery made in our\nfirst drillhole completed on ...